Crypto News– In a strategic move, Alchemy Pay is set to become one of the initial providers of fiat-crypto on-ramp services on Polygon’s innovative zkEVM chain. This development means that users worldwide can now easily acquire cryptocurrencies using their preferred local fiat payment methods within the network.
Alchemy Pay Joins Polygon’s zkEVM as an Early-Stage On-Ramp Enabler
Furthermore, Alchemy Pay offers a seamless solution for developers constructing applications on the zero-knowledge proof-based network. Through Alchemy Pay’s direct-to-customer plugin, dApps and platforms can effortlessly integrate and deploy the service with minimal cost and complexity.
Alchemy Pay has been actively supporting tokens and projects on Polygon’s mainnet since 2021. Leveraging its status as a premier fiat-crypto payment gateway, it has been selected as one of the pioneering on-ramp providers to integrate its service on Polygon’s groundbreaking chain.
Polygon zkEVM represents an Ethereum Layer 2 scalability solution that employs cryptographic zero-knowledge proofs to provide both validation and swift finality for off-chain transaction computation, known as a ZK-Rollup. Developers on Polygon zkEVM can leverage their existing Ethereum code, tooling, and applications while enjoying increased throughput and reduced fees.
The ZK-Rollup mechanism facilitates the execution of smart contracts by transparently publishing zero-knowledge validity proofs while preserving opcode compatibility with the Ethereum Virtual Machine. This documentation offers an in-depth insight into the various components of zkEVM, including the zero-knowledge Prover (zkProver), the State Machines utilized within the zkProver, the zkEVM Bridge smart contract, and the specialized tools that empower Polygon zkEVM to achieve its objectives.
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